Iams Wealth Management LLC Purchases 2,185 Shares of Invesco QQQ (NASDAQ:QQQ)

Iams Wealth Management LLC lifted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 9.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,184 shares of the exchange traded fund’s stock after purchasing an additional 2,185 shares during the period. Invesco QQQ accounts for 5.9% of Iams Wealth Management LLC’s portfolio, making the stock its largest holding. Iams Wealth Management LLC’s holdings in Invesco QQQ were worth $12,875,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of QQQ. Hoese & Co LLP boosted its holdings in shares of Invesco QQQ by 32.3% during the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after buying an additional 20 shares during the period. Legacy Bridge LLC boosted its holdings in shares of Invesco QQQ by 60.0% during the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after buying an additional 45 shares during the period. BNP Paribas bought a new stake in shares of Invesco QQQ during the 3rd quarter worth about $62,000. Brooklyn Investment Group bought a new stake in Invesco QQQ in the 4th quarter valued at about $69,000. Finally, Ritter Daniher Financial Advisory LLC DE boosted its holdings in Invesco QQQ by 75.9% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock valued at $71,000 after purchasing an additional 63 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

NASDAQ QQQ opened at $520.83 on Thursday. Invesco QQQ has a 12-month low of $413.07 and a 12-month high of $539.15. The firm has a 50-day moving average price of $518.51 and a two-hundred day moving average price of $493.56.

Invesco QQQ Announces Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were issued a $0.8347 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

Invesco QQQ Profile

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust’s investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.